SwapsWire’s Product Templates – Improving Accuracy and Speed

SwapsWire holds a complete set of market-standard defaults for every transaction type supported. When a trade is captured, the number of inputs is kept to a bare minimum, with the majority of the information drawn from template defaults. The templates also hold counterparty specific information such as early termination dates. But because users can override the defaults, you get the benefits of standardization and the flexibility of OTC products. A user receiving and viewing trades can see which parameters are standard and which have been changed, making it faster, easier and safer than ever before to confirm incoming trades.

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Interest Rate Swaps, Forward Rate Agreements and OIS

Supported features include:

Forward Starting Swaps
Odd Dates
IMM Rolls
End Rolls
Stubs
Compounding
Additional Payments
Spread Over Index
Break Clause/Early Termination Option
First Fixing
Spread Over Bonds
Editable Conventions
Amortizing Notional
Futures Cross
Independent Amount
Customizable Internal Data

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Swaptions, Caps and Floors

Supported features include:

Payers
Receivers
Straddles
Exercise Notices
Automatic Creation of Swap on Physical Exercise

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Inflation Swaps and Zero Coupon Swaps

ISDA Defined Inflation Indices
2006 ISDA Inflation Derivatives Definitions
ZC IRS - support for same currencies as IRS

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Non-Deliverable Interest Rate Swaps (NDIRS)

Interest Rate Swaps in non-deliverable currencies including:

CNY, IDR, INR, KRW, MYR, PHP, THB, TWD, TRY
All deliverable into USD

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Equity Derivatives

• Equity Single Stock and Equity Index Options on Pure OTC and Exchange Look-alike Transactions
• Increases, Full/Partial Decreases, Early Exercise, Terminations
• Equity Single Stock and Equity Index Variance Swaps
• Stock or Futures Delta Hedge
• Independent Amount
• Centralised Corporate Actions Adjustments
• Equity Total Return Swaps 

Underlying markets supported: Europe, Japan, Asia (ex-Japan), North America.

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Credit Default Swaps

Single Name CDS (Long or Short Form)

US Corporate
US Monoline

Japan Corporate
Japan Sovereign

European Corporate
European Sovereign

Asia Corporate
Asia Sovereign
Singapore Corporate
Australia Sovereign
New Zealand Sovereign

European Insurer Subordinated Debt
Emerging Markets Latin American Corporate
Emerging Markets Latin American Sovereign
Emerging Markets European Corporate
Emerging Markets European Sovereign

Credit Derivative Indices

CDX
iTraxx Europe
All current sub-sector indices supported

Reference Entity and Reference Obligations

SwapsWire has created an electronic link from its trade input screen to the Markit RED™ database allowing quick and easy input of trades with accurate reference entity/obligation data. Banks and brokers can also upload and use their proprietary reference entity and obligation data pairs.

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ISDA^® and Novation Protocol^SM are trademarks of the International Swaps and Derivatives Association, Inc.